Closed-End Funds

This category lists individual closed-end funds and CEF families. Closed-end (or "close-end") funds (CEFs) are distinguished from open-end funds (eg., mutual funds and exchange-traded funds) because they don't increase available shares as investment dollars received by the fund come in. Moreover, with open-ended funds, the quantity of shares decreases when investors withdraw money by selling shares. This is the basis of some investors preferring certain, specific kinds of well managed closed end funds. Its manager has the freedom to avoid selling illiquid, slowly traded shares they hold and further protects the closed end from massive "all at once" liquidations. However, buyers must learn the ropes, because being closed end in no way assures the quality of the managers or the investment potential of the fund. Another major difference between CEFs and mutual funds, is that the shares of the former are traded in stock exchanges, as if they were ordinary company stock.

Adams Express Company Two funds; Adams Express which invests primarily in United States based companies (NYSE:ADX) and Petroleum and Resources Corporation (NYSE:PEO) emphasizing natural resources stocks.

Bancroft Fund Ltd. Operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation (AMEX:BCV)

DWS Investments CEFs Stock-exchange-traded funds managed by the Deutsche Bank Group, including the New Germany Fund (NYSE: GF) and the Central European Equity Fund (NYSE: CEE).

Ellsworth Fund Ltd. Operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation (AMEX: ECF)

Holdr Trust issued receipts that represent ownership of a fixed group of stocks (usually 20) in a particular segment of an industry.

Klima Invest Danish fund that trades in the OMX Nordic Exchange (part of the NASDAQ OMX Group) following an alternative investment strategy based on trading of CO2-emission allowances. In English and Danish.